CIMA BA3 · Chapter 2 · Question 2 of 8
Which of the following is NOT an enhancing qualitative characteristic in the IASB Conceptual Framework?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Relevance
Explanation
The enhancing qualitative characteristics are comparability, verifiability, timeliness and understandability. Relevance is one of the two fundamental qualitative characteristics, together with faithful representation.
More Accounting concepts and qualitative characteristics MCQs
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- Q7Which of the following is NOT one of the components of faithful representation described in the IASB Conceptual Framework?
- Q8Which of the following items of expenditure should be treated as capital expenditure?